Deutsche Bank announces huge 6.7bn net loss for 2015
Deutsche Bank expects a fourth-quarter loss of 2.1 bn euros
Berlin - AFP
Germany's largest bank, Deutsche Bank, on Wednesday announced an overall loss of 6.7 billion euros (US$7.3 billion) for 2015, blamed on litigation costs, write-downs and restructuring and severance charges.
Some of these losses had already been announced earlier in 2015 but the bank reported additional litigation charges of 1.2 billion euros in the fourth quarter. Overall, it expects a fourth-quarter loss of 2.1 billion euros, it said in a statement.
"The full-year results include previously disclosed impairments taken in the third quarter of 5.8 billion euros of goodwill and intangibles, full-year litigation provisions of approximately 5.2 billion euros and restructuring and severance charges of approximately 1.0 billion euros," it said.
The bank is currently embroiled in some 6,000 lawsuits over allegations of money laundering and interest rate rigging.
Deutsche Bank expects to report full year revenue of 33.5 billion euros for 2015, the statement added.
The bank will announce details of the fourth-quarter and annual results on Jan 28.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meeting
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 07:51 2015 Tuesday ,22 September
Korean webtoons intrigue Belgian comic artists
GMT 19:54 2013 Wednesday ,07 August
70s Jazz star Duke dies aged 67
GMT 17:08 2015 Tuesday ,22 December
Woman wounded by Israeli fire in southern GazaGMT 09:37 2011 Tuesday ,26 July
Dubai airport posts 8.9%
GMT 02:29 2015 Sunday ,06 September
US paper warns of 'escalation of Russia's military engagement' in Syria
GMT 09:45 2018 Monday ,08 January
As Globes mark cinema's successes, audiences shy away
GMT 13:18 2018 Monday ,01 January
Trump welcomes new year with a lavish party at private club
GMT 08:50 2017 Monday ,21 August
AGU signs memo with GSO
GMT 05:01 2017 Tuesday ,31 January
Top stars primed for ‘major’ battle at Omega Dubai
GMT 05:23 2016 Friday ,09 September
China's athletes arrived in Rio for ParalympicsGMT 12:53 2011 Sunday ,11 September
Fine finish for Shaikh Nasser
GMT 16:01 2015 Monday ,03 August
New Suez Canal to boost development across nationGMT 15:58 2011 Thursday ,21 July
UN says climate change threatens world security
GMT 14:52 2015 Saturday ,09 May
Sisi, Vietnamese counterpart hold talks in Moscow
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor